According to Al-Adili, the US Department of Labor is scheduled to release unemployment data for May. The US Bureau of Labor Statistics will also announce revised nonfarm employment count data for the same month. The unemployment rate is an important indicator in the US employment report, as it represents the ratio of unemployed individuals to the working population during a given period. Specifically, it is the proportion of the labor force that wants to work but has not yet found a job out of the total working population.

The unemployment rate aims to measure idle work capacity and is a basic indicator that reflects the unemployment situation in a country or region. As a critical signal of economic health, it indirectly affects Bitcoin prices by influencing investor sentiment and monetary policy. A higher unemployment rate usually sends Bitcoin prices higher, while a lower unemployment rate may put pressure on Bitcoin prices